Solvay to invest EUR 120 mln in a plant

June 28/2011

(Plastemart) -- Solvay is to invest
around EUR 120 mln in a plant to produce Solef Polyvinylidene Fluoride (PVDF),
Tecnoflon, Fluoroelastomers (FKM) and their monomer VF2 in China. The plant, to
be located at Changshu in Jiangsu province, will become operational at the
beginning of 2014, and meet Asia’s growing demand.

"This new production plant will enable Solvay to capture a part of the
huge growth potential in this region," said Solvay plastics sector group general
manager Jacques van Rijckevorsel. "We'll bring our customers more value-added
polymers which will help them improve their environmental footprint and
sustainability profile."